A correctly held off landing is a stall on to the ground in most aircraft. You keep pulling back with the mains an inch or so above the runway (ideally!) trying to prevent it from touching down (tailwheeler or trike, though many pilots of the latter don't bother) untill either you reach the back stop, or more usually the wing stops flying and the aeroplane sinks onto the main wheels at the absolute minimum possible speed. That's why the nose dosn't drop as it does in a stall at height - the mains releive the wing of any loading by touching down before things get that far. A (gentle) stall at height results in (initially) a high sink rate, followed by nose and maybe a wing dropping. When we perform a max performance fully held off landing (and except in strong and cross winds you always do don't you???), the touchdown happens during the very early stages of 'sink'.
SSD